On the Charleston peninsula, just north of construction sites where new apartments and hotels are now rising, Evening Post Publishing Co. is laying out plans to develop the next section of upper King and Meeting streets.

The Post and Courier’s parent company, EPPC owns nearly 12 acres of land bounded by King, Meeting, Columbus and Line streets. A large part of that land, located across Columbus Street from a Piggly Wiggly store, is currently vacant or being used for company parking.

In one to three years, EPPC plans to break ground on a plan to turn that undeveloped land into the first phase of a plan for a commercial and residential hub — a plan that could eventually lead to redeveloping the site of the newspaper’s office building and printing plant on King Street.

“These are not changes that will happen overnight,” said company CEO John Barnwell in a memo to employees this afternoon. “The entire project could take 10 years or more to complete.”

The company has been considering plans to redevelop its land holdings for years, an effort that included a 2006 design study by the Clemson Architectural Center and meetings with city planners.

Read more in upcoming editions of The Post and Courier. Follow David Slade on Twitter @DSladeNews.